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(H0) Correcting Higher *RES.....>

US 5YR FUTURE TECHS
US 5YR FUTURE TECHS: (H0) Correcting Higher
*RES 4: 119-13 High Dec 4
*RES 3: 119-03+ High Dec 5
*RES 2: 118-30+ Dec 12 high and key resistance
*RES 1: 118-24+ Low Dec 6
*PRICE: 118-152 11:07 GMT, Dec 27
*SUP 1: 118-03+ Low Dec 13
*SUP 2: 118-006 1.00 projection of Nov 1 - Nov 7 decline from Dec 3 high
*SUP 3: 118-000 Round number support
*SUP 4: 117-216 1.236 projection of Nov 1 - Nov 7 decline from Dec 3 high
5yr futures are slightly firmer today. The outlook though remains bearish. The
bounce on Dec 13 has been viewed as a correction and last week's pullback is
encouraging from a bearish perspective. The recent move below key support at
118-05, Nov 7 low reinforced a bearish tone and paves the way for 118-006, a
Fibonacci projection level and 118-00. On the upside, key resistance is at
118-30+, Dec 12 high where a break is required to signal a reversal.

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